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Elgin Illinois Form 1041-QFT: What You Should Know
If You Are A Relevant Person in Illinois or Any Other State If you are a Relevant Person in any jurisdiction in any state, please report through Illinois's online format form with the following formats: Your full name (if different from the individual filing the Form 1041 for the trust). Your mailing address (or a different location, if you file the Form 1041 for a trust from the same individual as a primary beneficiary). Your filing status (primary, optional, dependent or a beneficiary), Your tax filing status (Individual, Married, Widowed, Disabled, etc.) and The trust's name (TIE, LLP, etc.). The information listed is sufficient to identify you. You are NOT required to provide your Social Security Number. The Trustee and Benefice Address is also reported for the trust. If You Don't Report Your Trust Trustee And Benefice Address The income, deduction and gain distributions must be reported to the IRS in the same method described on this page: Form 1041-QFT for a Qualified Funeral Trust. If you don't report, the trust will be subject to penalty and will be assessed additional taxes and penalties by the Illinois Department of Revenue. Please report your trust trustees and any other trustees and beneficiaries through the Form 1115 Trust.
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